Admiral interim statement
Group turnover year to date increased by 18% on last year to £270m with a minimal return on investments of 2.2%. The turnover from non-UK car insurance was £16m and although Confused.com's turnover increased by 8%, Admiral admitted that margins remained under pressure.
Henry Engelhardt, chief executive, said: "I'm happy to report that nothing significant has changed since our 2008 full year results and that performance in the first quarter of 2009 is as we had expected.
"Against a backdrop of
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